What is the current valuation of the China Thermal Energy Storage Market?

As of 2024, the market valuation stood at 28.08 USD Billion. Read More

What is the projected market size for the China Thermal Energy Storage Market by 2035?

The market is expected to reach a valuation of 133.17 USD Billion by 2035. Read More

What is the expected CAGR for the China Thermal Energy Storage Market during the forecast period 2025 - 2035?

The market is anticipated to grow at a CAGR of 15.2% from 2025 to 2035. Read More

Which application segment is projected to have the highest valuation by 2035?

The District Heating application segment is projected to reach 34.17 USD Billion by 2035. Read More

What are the key technologies driving the China Thermal Energy Storage Market?

Key technologies include Thermal Energy Storage Tank, which is expected to reach 35.0 USD Billion by 2035. Read More

Which end-use segment is expected to dominate the market by 2035?

The Utility end-use segment is projected to dominate with a valuation of 45.0 USD Billion by 2035. Read More

What is the expected performance of the Phase Change Material technology by 2035?

The Phase Change Material technology is anticipated to reach a valuation of 35.0 USD Billion by 2035. Read More

Who are the leading players in the China Thermal Energy Storage Market?

Key players include China National Building Material Group, China Energy Engineering Corporation, and State Grid Corporation of China. Read More

What is the projected valuation for the Renewable Energy Integration application by 2035?

The Renewable Energy Integration application is expected to reach 30.0 USD Billion by 2035. Read More

How does the market for Ice Storage technology appear to be evolving by 2035?

The Ice Storage technology is projected to reach a valuation of 23.17 USD Billion by 2035. Read More

China Thermal Energy Storage Market

ID: MRFR/EnP/53836-HCR

200 Pages

MRFR Team

Last Updated: April 24, 2026

China Thermal Energy Storage Market Research Report: By Technology (Molten Salt Storage, Water Thermal Storage, Phase Change Materials, Ice Storage), By Storage Capacity (Less than 100 MWh, 100-500 MWh, 500-1000 MWh, More than 1000 MWh), By Application (District Heating, Industrial Processes, Concentrated Solar Power, Building Heating and Cooling) andBy Material Used (Concrete, Steel, Natural Materials, Composite Materials)- Forecast to 2035

China Thermal Energy Storage Market Infographic

Summary Table of Contents Segmentation Download PDF

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1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
1. 1.1 EXECUTIVE SUMMARY
  1. 1.1.1 Market Overview
  2. 1.1.2 Key Findings
  3. 1.1.3 Market Segmentation
  4. 1.1.4 Competitive Landscape
  5. 1.1.5 Challenges and Opportunities
  6. 1.1.6 Future Outlook
2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
1. 2.1 MARKET INTRODUCTION
  1. 2.1.1 Definition
  2. 2.1.2 Scope of the study
    1. 2.1.2.1 Research Objective
    2. 2.1.2.2 Assumption
    3. 2.1.2.3 Limitations
2. 2.2 RESEARCH METHODOLOGY
  1. 2.2.1 Overview
  2. 2.2.2 Data Mining
  3. 2.2.3 Secondary Research
  4. 2.2.4 Primary Research
    1. 2.2.4.1 Primary Interviews and Information Gathering Process
    2. 2.2.4.2 Breakdown of Primary Respondents
  5. 2.2.5 Forecasting Model
  6. 2.2.6 Market Size Estimation
    1. 2.2.6.1 Bottom-Up Approach
    2. 2.2.6.2 Top-Down Approach
  7. 2.2.7 Data Triangulation
  8. 2.2.8 Validation
3 SECTION III: QUALITATIVE ANALYSIS
1. 3.1 MARKET DYNAMICS
  1. 3.1.1 Overview
  2. 3.1.2 Drivers
  3. 3.1.3 Restraints
  4. 3.1.4 Opportunities
2. 3.2 MARKET FACTOR ANALYSIS
  1. 3.2.1 Value chain Analysis
  2. 3.2.2 Porter's Five Forces Analysis
    1. 3.2.2.1 Bargaining Power of Suppliers
    2. 3.2.2.2 Bargaining Power of Buyers
    3. 3.2.2.3 Threat of New Entrants
    4. 3.2.2.4 Threat of Substitutes
    5. 3.2.2.5 Intensity of Rivalry
  3. 3.2.3 COVID-19 Impact Analysis
    1. 3.2.3.1 Market Impact Analysis
    2. 3.2.3.2 Regional Impact
    3. 3.2.3.3 Opportunity and Threat Analysis
4 SECTION IV: QUANTITATIVE ANALYSIS
1. 4.1 China Thermal Energy Storage Market, BY Application (USD Billion)
  1. 4.1.1 Load Shifting
  2. 4.1.2 Renewable Energy Integration
  3. 4.1.3 Peak Shaving
  4. 4.1.4 Energy Arbitrage
  5. 4.1.5 District Heating
2. 4.2 China Thermal Energy Storage Market, BY Technology (USD Billion)
  1. 4.2.1 Phase Change Material
  2. 4.2.2 Molten Salt
  3. 4.2.3 Chilled Water Storage
  4. 4.2.4 Thermal Energy Storage Tank
  5. 4.2.5 Ice Storage
3. 4.3 China Thermal Energy Storage Market, BY End Use (USD Billion)
  1. 4.3.1 Industrial
  2. 4.3.2 Commercial
  3. 4.3.3 Residential
  4. 4.3.4 Utility
  5. 4.3.5 Transportation
4. 4.4 China Thermal Energy Storage Market, BY Storage Medium (USD Billion)
  1. 4.4.1 Water
  2. 4.4.2 Ice
  3. 4.4.3 Molten Salt
  4. 4.4.4 Phase Change Material
  5. 4.4.5 Thermal Oil
5 SECTION V: COMPETITIVE ANALYSIS
1. 5.1 Competitive Landscape
  1. 5.1.1 Overview
  2. 5.1.2 Competitive Analysis
  3. 5.1.3 Market share Analysis
  4. 5.1.4 Major Growth Strategy in the China Thermal Energy Storage Market
  5. 5.1.5 Competitive Benchmarking
  6. 5.1.6 Leading Players in Terms of Number of Developments in the China Thermal Energy Storage Market
  7. 5.1.7 Key developments and growth strategies
    1. 5.1.7.1 New Product Launch/Service Deployment
    2. 5.1.7.2 Merger & Acquisitions
    3. 5.1.7.3 Joint Ventures
  8. 5.1.8 Major Players Financial Matrix
    1. 5.1.8.1 Sales and Operating Income
    2. 5.1.8.2 Major Players R&D Expenditure. 2023
2. 5.2 Company Profiles
  1. 5.2.1 China National Building Material Group (CN)
    1. 5.2.1.1 Financial Overview
    2. 5.2.1.2 Products Offered
    3. 5.2.1.3 Key Developments
    4. 5.2.1.4 SWOT Analysis
    5. 5.2.1.5 Key Strategies
  2. 5.2.2 China Energy Engineering Corporation (CN)
    1. 5.2.2.1 Financial Overview
    2. 5.2.2.2 Products Offered
    3. 5.2.2.3 Key Developments
    4. 5.2.2.4 SWOT Analysis
    5. 5.2.2.5 Key Strategies
  3. 5.2.3 China National Petroleum Corporation (CN)
    1. 5.2.3.1 Financial Overview
    2. 5.2.3.2 Products Offered
    3. 5.2.3.3 Key Developments
    4. 5.2.3.4 SWOT Analysis
    5. 5.2.3.5 Key Strategies
  4. 5.2.4 State Grid Corporation of China (CN)
    1. 5.2.4.1 Financial Overview
    2. 5.2.4.2 Products Offered
    3. 5.2.4.3 Key Developments
    4. 5.2.4.4 SWOT Analysis
    5. 5.2.4.5 Key Strategies
  5. 5.2.5 China Southern Power Grid (CN)
    1. 5.2.5.1 Financial Overview
    2. 5.2.5.2 Products Offered
    3. 5.2.5.3 Key Developments
    4. 5.2.5.4 SWOT Analysis
    5. 5.2.5.5 Key Strategies
  6. 5.2.6 Tsinghua University (CN)
    1. 5.2.6.1 Financial Overview
    2. 5.2.6.2 Products Offered
    3. 5.2.6.3 Key Developments
    4. 5.2.6.4 SWOT Analysis
    5. 5.2.6.5 Key Strategies
  7. 5.2.7 China Three Gorges Corporation (CN)
    1. 5.2.7.1 Financial Overview
    2. 5.2.7.2 Products Offered
    3. 5.2.7.3 Key Developments
    4. 5.2.7.4 SWOT Analysis
    5. 5.2.7.5 Key Strategies
  8. 5.2.8 Sungrow Power Supply Co., Ltd. (CN)
    1. 5.2.8.1 Financial Overview
    2. 5.2.8.2 Products Offered
    3. 5.2.8.3 Key Developments
    4. 5.2.8.4 SWOT Analysis
    5. 5.2.8.5 Key Strategies
  9. 5.2.9 LONGi Green Energy Technology Co., Ltd. (CN)
    1. 5.2.9.1 Financial Overview
    2. 5.2.9.2 Products Offered
    3. 5.2.9.3 Key Developments
    4. 5.2.9.4 SWOT Analysis
    5. 5.2.9.5 Key Strategies
3. 5.3 Appendix
  1. 5.3.1 References
  2. 5.3.2 Related Reports
6 LIST OF FIGURES
1. 6.1 MARKET SYNOPSIS
2. 6.2 CHINA MARKET ANALYSIS BY APPLICATION
3. 6.3 CHINA MARKET ANALYSIS BY TECHNOLOGY
4. 6.4 CHINA MARKET ANALYSIS BY END USE
5. 6.5 CHINA MARKET ANALYSIS BY STORAGE MEDIUM
6. 6.6 KEY BUYING CRITERIA OF CHINA THERMAL ENERGY STORAGE MARKET
7. 6.7 RESEARCH PROCESS OF MRFR
8. 6.8 DRO ANALYSIS OF CHINA THERMAL ENERGY STORAGE MARKET
9. 6.9 DRIVERS IMPACT ANALYSIS: CHINA THERMAL ENERGY STORAGE MARKET
10. 6.10 RESTRAINTS IMPACT ANALYSIS: CHINA THERMAL ENERGY STORAGE MARKET
11. 6.11 SUPPLY / VALUE CHAIN: CHINA THERMAL ENERGY STORAGE MARKET
12. 6.12 CHINA THERMAL ENERGY STORAGE MARKET, BY APPLICATION, 2024 (% SHARE)
13. 6.13 CHINA THERMAL ENERGY STORAGE MARKET, BY APPLICATION, 2024 TO 2035 (USD Billion)
14. 6.14 CHINA THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024 (% SHARE)
15. 6.15 CHINA THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024 TO 2035 (USD Billion)
16. 6.16 CHINA THERMAL ENERGY STORAGE MARKET, BY END USE, 2024 (% SHARE)
17. 6.17 CHINA THERMAL ENERGY STORAGE MARKET, BY END USE, 2024 TO 2035 (USD Billion)
18. 6.18 CHINA THERMAL ENERGY STORAGE MARKET, BY STORAGE MEDIUM, 2024 (% SHARE)
19. 6.19 CHINA THERMAL ENERGY STORAGE MARKET, BY STORAGE MEDIUM, 2024 TO 2035 (USD Billion)
20. 6.20 BENCHMARKING OF MAJOR COMPETITORS
7 LIST OF TABLES
1. 7.1 LIST OF ASSUMPTIONS
7.1.1
1. 7.2 China MARKET SIZE ESTIMATES; FORECAST
  1. 7.2.1 BY APPLICATION, 2026-2035 (USD Billion)
  2. 7.2.2 BY TECHNOLOGY, 2026-2035 (USD Billion)
  3. 7.2.3 BY END USE, 2026-2035 (USD Billion)
  4. 7.2.4 BY STORAGE MEDIUM, 2026-2035 (USD Billion)
2. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
7.3.1
1. 7.4 ACQUISITION/PARTNERSHIP
7.4.1

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China Thermal Energy Storage Market Segmentation

China Thermal Energy Storage Market By Application (USD Billion, 2022-2035)

Load Shifting
Renewable Energy Integration
Peak Shaving
Energy Arbitrage
District Heating

China Thermal Energy Storage Market By Technology (USD Billion, 2022-2035)

Phase Change Material
Molten Salt
Chilled Water Storage
Thermal Energy Storage Tank
Ice Storage

China Thermal Energy Storage Market By End Use (USD Billion, 2022-2035)

Industrial
Commercial
Residential
Utility
Transportation

China Thermal Energy Storage Market By Storage Medium (USD Billion, 2022-2035)

Water
Ice
Molten Salt
Phase Change Material
Thermal Oil

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